Expect Smooth Sailing for DryShips - trackseekingalpha

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Expect Smooth Sailing for DryShips
Jul 31, 2009 03:42 PM UTC

trackseekingalpha

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Symbol	Sentiment	Start	Return	Closed
DRYS	n/a

Via Long Investment Ideas from Seeking Alpha:

As regular readers would know, DryShips (DRYS) has been one of my favorites for some time, as both myself and Paul have published a number of research articles on this one including a report on how DRYS was trading well behind the Baltic Index. DRYS and GE marked our financial services divisions' first "house trades" over the last few months and Buzz Inc has good sized positions in both.

DryShips Inc reported better than expected quarterly earnings, helped by the recent rise in spot charter rates that the Baltic Index indicated 2 months ago. DryShips also seen an increased contribution from its offshore drilling segment.

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